Alliancebernstein L.P. decreased its stake in Ladder Capital Corp (NYSE:LADR) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 614,861 shares of the real estate investment trust’s stock after selling 77,942 shares during the period. Alliancebernstein L.P.’s holdings in Ladder Capital were worth $10,416,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in shares of Ladder Capital in the second quarter worth $157,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Ladder Capital in the second quarter worth $205,000. Assetmark Inc. grew its stake in shares of Ladder Capital by 62.9% in the second quarter. Assetmark Inc. now owns 14,023 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 5,414 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Ladder Capital in the third quarter worth $308,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Ladder Capital by 26.3% in the second quarter. Commonwealth Equity Services LLC now owns 19,148 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 3,982 shares during the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.

LADR opened at $17.22 on Friday. Ladder Capital Corp has a fifty-two week low of $13.40 and a fifty-two week high of $17.96. The company has a debt-to-equity ratio of 3.06, a quick ratio of 74.92 and a current ratio of 74.92. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 12.66 and a beta of 0.87.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.18. Ladder Capital had a net margin of 31.29% and a return on equity of 13.85%. The firm had revenue of $135.10 million for the quarter, compared to the consensus estimate of $72.17 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, sell-side analysts anticipate that Ladder Capital Corp will post 1.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.28 dividend on an annualized basis and a yield of 13.24%. This is an increase from Ladder Capital’s previous quarterly dividend of $0.33. Ladder Capital’s payout ratio is currently 95.59%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ladder Capital from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Thursday, October 25th. B. Riley set a $18.00 price target on shares of Ladder Capital and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Ladder Capital from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.81.

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Ladder Capital Profile

Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.

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Institutional Ownership by Quarter for Ladder Capital (NYSE:LADR)

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